Yara International (YAR) investor relations material

Competitive advantages and operational strengths

• Sustained product premiums achieved through nutrient use efficiency and flexible sourcing of energy and raw materials.

• Over 75% of European finished nitrogen products are flexible on ammonia sourcing.

• Strong asset footprint with continuous production records and scalable logistics for fertilizer and ammonia.

• Optimized global flows to manage seasonality and market cycles.

Financial performance and value trajectory

• Targeting over $180 million in fixed cost reductions with significant EBITDA impact.

• Aiming for more than $350 million EBITDA improvement and over $600 million sustainable cash flow expansion from 2024 to 2030.

• Improved production margins and value-accretive ammonia capacity expansion planned.

• Continued strict resource prioritization and active portfolio management.

Strategic partnerships and market positioning

• Strategic fit with Air Products, leveraging complementary synergies and strong project economics.

• US Gulf projects benefit from low-cost gas, tax incentives, and early engineering advantages.

• European infrastructure provides a $50–80/t cost advantage and is critical for market access.

• Regulatory drivers like CBAM and renewable ammonia demand create additional carbon value.